Common use of Option to Effect Defeasance or Covenant Defeasance Clause in Contracts

Option to Effect Defeasance or Covenant Defeasance. The Company may, at its option and at any time, elect to have either Section 8.02 or Section 8.03 applied to all Outstanding Securities and Securities Guarantees upon compliance with the conditions set forth below in this Article 8.

Option to Effect Defeasance or Covenant Defeasance. The Company may, at its option and at any time, elect to have either Section 8.02 or Section 8.03 applied to all Outstanding Securities and Securities Guarantees upon compliance with the conditions set forth below in this Article 8.

Option to Effect Defeasance or Covenant Defeasance. The Company may, at its option and at any time, elect to have either Section 8.02 8.2 or Section 8.03 8.3 be applied to all Outstanding outstanding Securities and Securities Guarantees upon compliance with the conditions set forth below in this Article 8.

Option to Effect Defeasance or Covenant Defeasance. The Company may, at its option and at any time, elect to have either Section 8.02 or Section 8.03 applied to all Outstanding ​ ​ ​ ​ ​ 38 ​ ​ ​ Securities of any Series (and Securities Guarantees any applicable Guarantees) upon compliance with the conditions set forth below in this Article 8.

Option to Effect Defeasance or Covenant Defeasance. The Company may, at its option and at any time, elect to have either Section 8.02 or Section 8.03 applied to all Outstanding Securities of a series and Securities Subsidiary Guarantees upon compliance with the conditions set forth below in this Article 8.

Option to Effect Defeasance or Covenant Defeasance. The Company may, at its option and by Member Resolution, at any time, with respect to the Securities, elect to have either Section 8.02 1302 or Section 8.03 1303 be applied to all Outstanding Securities and Securities Guarantees upon compliance with the conditions set forth below in this Article 8Thirteen.

Option to Effect Defeasance or Covenant Defeasance. The Company may, at its their option and at any time, elect to have either Section 8.02 or Section 8.03 applied to all Outstanding Securities and Securities Guarantees upon compliance with the conditions set forth below in this Article 8.

Option to Effect Defeasance or Covenant Defeasance. The Company may, may at its option and by Board Resolution, at any time, elect to have either Section 8.02 1202 or Section 8.03 1203 applied to all the Outstanding Securities and Securities Guarantees upon compliance with the conditions set forth below in this Article 8Twelve.

Option to Effect Defeasance or Covenant Defeasance. The Company may, at its option and by Board Resolution, at any time, with respect to the Securities, elect to have either Section 8.02 1202 or Section 8.03 1203 be applied to all Outstanding Securities and Securities Guarantees upon compliance with the conditions set forth below in this Article 8Twelve.

Option to Effect Defeasance or Covenant Defeasance. The Company may, at its option and by Board Resolution, at any time, with respect to the Securities, elect to have either Section 8.02 8.2 or Section 8.03 8.3 be applied to all Outstanding of the outstanding Securities and Securities Guarantees (the "Defeased Securities"), upon compliance with the conditions set forth below in this Article 8Eight.